# Top 45 Hardware VC (Venture Capital) Funds in Portugal in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Portugal Ventures | 12 | Portugal, United States, France | Seed, Pre-Seed | Software, Health Care, Information Technology |
| Caixa Capital | 9 | Portugal, United States, Spain | Seed, Series A | Software, Information Technology, Health Care |
| Armilar Venture Partners | 5 | Portugal, United States, United Kingdom | Series A, Seed | Software, Information Technology, Manufacturing |
| HCapital Partners | 4 | Portugal | Seed, Series A | Information Technology, Software, SaaS |
| Indico Capital Partners | 3 | Portugal, United States, Italy | Seed, Series A, Series C | Information Technology, E-Commerce, B2B |
| Bright Pixel | 3 | Portugal, United States, Spain | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| EDP Ventures | 3 | Portugal, Brazil, United States | Seed, Series A | Software, Information Technology, Energy |
| LC Ventures | 3 | Portugal, China, Poland | Seed, Pre-Seed, Series D | Information Technology, Artificial Intelligence, Internet of Things |
| Bynd Venture Capital | 3 | Portugal, Spain, United States | Seed, Series A | Software, E-Commerce, Health Care |
| Shilling | 2 | Portugal, Spain, United States | Seed, Pre-Seed, Series A | Internet, Information Technology, Software |
| Innovation Nest | 2 | Poland, United States, United Kingdom | Seed, Series A | Software, SaaS, Information Technology |
| REDangels | 2 | Portugal, Poland, Germany | Seed, Pre-Seed, Angel | Internet of Things, Mobile, Internet |
| WISENEXT | 2 | Portugal, United States | Seed, Pre-Seed | Software, Artificial Intelligence, Internet |
| Faber | 2 | Portugal, United Kingdom, United States | Seed, Series A, Pre-Seed | Software, Machine Learning, SaaS |
| Novabase Capital | 2 | Portugal, United States | Seed | Information Technology, Software, Artificial Intelligence |
| Beta-i | 1 | Portugal | Pre-Seed | FinTech, Computer, Software |
| Construtech Ventures | 1 | Brazil, Portugal | Seed, Pre-Seed | Real Estate, Software, Construction |
| Betwixt Ventures | 1 | Portugal | Seed | Drones, Energy, Mobile |
| COREangels | 1 | Spain, Portugal, United Kingdom | Seed, Pre-Seed, Angel | Software, E-Commerce, Information Technology |
| Firstminute Capital | 1 | United Kingdom, United States, Germany | Seed, Series A, Pre-Seed | Software, Information Technology, Machine Learning |
| LeadX Capital Partners | 1 | Germany, France, United Kingdom | Seed, Pre-Seed, Series B | Restaurants, SaaS, Software |
| EIT Health | 1 | United Kingdom, Spain, Ireland | Grant, Pre-Seed, Seed | Health Care, Medical Device, Medical |
| European Institute of Innovation and Technology | 1 | France, Sweden, Estonia | Seed, Grant, Pre-Seed | Information Technology, Apps, SaaS |
| Wayra | 1 | Spain, United Kingdom, United States | Seed, Pre-Seed | Software, Information Technology, SaaS |
| Sisu Game Ventures | 1 | Finland, United States, Iceland | Seed, Series A | Gaming, Video Games, Virtual Reality |
| Google Assistant Investments | 1 | United States, India, Canada | Seed, Series A | Artificial Intelligence, Machine Learning, Software |
| Keensight Capital | 1 | France, United States, United Kingdom | Private Equity, Series A | Software, Manufacturing, Information Technology |
| Dispatch Ventures | 1 | Canada, United States, Portugal | Pre-Seed, Seed, Angel | Software, Internet, Machine Learning |
| BreakawayGrowth Fund | 1 | United States, Canada, Portugal | Seed, Series B, Series E | Software, Computer, Internet |
| 200M | 1 | Portugal, Brazil, France | Seed, Series A | Health Care, Internet, Software |
| Beta Capital | 1 | Portugal | Seed | VoIP, Software, Wireless |
| Farfetch | 1 | United States, Spain, Nigeria | Corporate Round, Convertible Note, Seed | Fashion, E-Commerce, Software |
| Olisipo Way | 1 | Portugal | Pre-Seed, Seed, Convertible Note | Software, SaaS, Communities |
| Critical Ventures | 1 | Portugal, United States | Seed, Series A | Medical, Computer, Genetics |
| Knight Capital | 1 | United Kingdom, China, Spain | Series A, Series B, Series C | SaaS, Software, Therapeutics |
| Superlyst Ventures | 1 | Germany, Portugal | Seed, Pre-Seed | Software, Privacy, Computer |
| FORWARD.one | 1 | The Netherlands, Portugal, United Kingdom | Seed, Series A | Semiconductor, Information Technology, Audio |
| Seaya | 1 | Spain, France, Mexico | Series A, Seed, Series B | Internet, Financial Services, FinTech |
| Tencent | 1 | China, United States, United Kingdom | Series B, Series A, Series C | Software, Financial Services, E-Commerce |
| Verizon Ventures | 1 | United States, Israel, Canada | Series B, Series A | Software, Mobile, SaaS |
| Grupo Lusiaves service | 1 | Portugal | Seed | Computer, Software, Machine Learning |
| Critical SGPS | 1 | Portugal | Seed | Computer, Software, Information Technology |
| Herrick Partners | 1 | Portugal | Series A | Software, Electronics, Virtual Reality |
| Creative Wings | 1 | Portugal | Seed | Hardware, Mobile Devices, Internet of Things |
| Korys | 1 | Belgium, The Netherlands, India | Series A, Series B | Biotechnology, Information Technology, E-Commerce |

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